Taminat Complex is a modern mixed-use development coming to the market in 2016, providing high-quality residential apartments and offices. All apartments are finished with fully fitted kitchens and built in appliances and there will be the option of 1, 2 or 3 bedrooms.
Category: Real Estate
Total value of real estate activity in the Sultanate surged ahead by 42 per cent to touch OMR3.22 billion for the first nine months of 2015, compared to the same period last year, the statistics released by the National Centre for Statistics and Information (NCSI) shows.
There may be a drop in costs in the medium term that may put pressure on property prices. Oil Prices have dropped significantly in the last year. How has the real estate market in Oman reacted and what does the future hold? As of now, demand and supply are matched and therefore rents and prices are stable. Demand is underpinned by the fact that the economy continues to grow in real terms and, therefore, job creation continues.
Real Estate, to use, an economists technical term, is not a perfect market. Whereas a barrel of oil is identical to the next barrel of oil, a piece of real estate is usually different from another piece of real estate, even in the same location.
The single biggest factor driving the real estate market is Oman’s broader economic performance.
Oman’s real estate market is experiencing fast-paced growth thanks to various enabling factors such as enhanced infrastructure spending, a favourable demographic, interest from regional investors and business growth. Mayank Singh reports.
With the real estate sector showing an impressive growth in recent years, the focus has now been shifted to bringing effective regulations.
There has been a definite upturn in confidence in the real estate market, recently. This has led, in turn, to a steady increase in capital values and renewed interest in property as an investment, says Benjamin Cullum, General Manager, Hamptons Oman. Excerpts from an interview with Muhammed Nafie.